The KDJ Indicator MT4 is an oscillator indicator for MetaTrader 4, designed to identify overbought and oversold levels. It’s an improved Stochastics Oscillator with an additional J line alongside the familiar K and D lines. K, D, and J lines are displayed on an additional chart with a range of 0 to 100. A new J line crossing the K and D lines can be used to identify potential overbought and oversold conditions.
This Indicator is a practical tool for every trader. An indicator is most helpful for long-term trading strategy and may be used to trade various currency pairs with any forex trading system or strategy to confirm price conditions.
Indicator Settings
How to Install KDJ Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
